OSI Systems price target raised to $280 from $270 at Oppenheimer

Oppenheimer analyst Christopher Glynn raised the firm’s price target on OSI Systems (OSIS) to $280 from $270 and keeps an Outperform rating on the shares. The firm says that the Security segment’s expansion and diversification of growth runways were evident in record year-end FY25 segment backlog of $1.5B, weathering wind-down of concentrated set of XL-sized Mexico projects, which it expects positions the segment for a strong B:B year in FY26. Oppenheimer’s positive stance on prospects for FY26 Security backlog build reflects company commentary on continued growth in the global pipeline for cargo/ports and borders where OSI benefits from significant market share leadership; share expansion into expanding Aviation markets; rapid sales growth and meaningful project wins for the Defense sector acquisition; and accelerated services growth.